The Hourly View for Natural Gas
- At the moment, NG1’s price is up $0 (0.05%) from the hour prior.
- This is a reversal of the price action on the previous hour, in which price moved down.
- As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
- The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Natural Gas’s hourly price chart is shown below.
The Daily View for Natural Gas
- Currently, NG1’s price is up $0.03 (0.71%) from the day prior.
- This is a reversal of the price action on the previous day, in which price moved down.
- Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
- The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
- Divergence between NG1’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in NG1’s price.
Below is a daily price chart of Natural Gas.
Featured Natural Gas Idea From TradingView
Below is a trading comment entitled CHEVRON CVX:DETAILED FUNDAMENTAL ANALYSIS+NEXT TARGET LONG 🔔 you may find interesting:
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